Tanzania Anticipates Investment Inflow from India

Tanzania Anticipates Investment Inflow from India Following participation to India International Trade Fair in New Delhi this month, Tanzania Export Processing Zone Authority (EPZA) anticipates growing interest by Indian businesses to invest in Tanzania.

Tanzania Anticipate Investment Inflow from India Following participation to India International Trade Fair in New Delhi this month, Tanzania Export Processing Zone Authority (EPZA) anticipates growing interest by Indian businesses to invest in Tanzania.

According to Ms Zawadia Nayaro, Director of Development at EPZA at least 10 large investors form India are expected to enter Tanzania vibrant economy by taking advantage of the Export Processing Zone (EPZ) and Special Economic Zone (SEZ) scheme made available to investors.

In particular Indian investors are interested to develop manufacturing facilities in textile, electric appliance and agroprocessing.

Tanzania Export Processing Zone scheme was established in 2002 following the enactment of the Export Processing Zones Act, 2002.

The scheme provides for the establishment of export oriented investments within the designated zones with the views of creating international competitiveness for export led economic growth.

The Special Economic Zones scheme was established in 2006 within the framework of Tanzania Mini-Tiger plan 2020, to promote export earnings and employment creation as well as attracting Foreign and Domestic Direct Investments.